Wyndham International, Inc. (NYSE:WYN), announced today that effective at the opening of trading on Tuesday, Oct. 15 its common stock will be traded on The American Stock Exchange (AMEX). The stock will continue to be traded on the NYSE through the close of the market on Monday, Oct. 14 in accordance with the NYSE`s Oct.11, 2002 announcement.
Wyndham International announced on Sept. 27, 2002 it received notification from the New York Stock Exchange (NYSE) that its share trading price has fallen below the continued listing criteria for an average closing price of a security of less than $1.00 over a consecutive 30 trading day period. The NYSE Listing and Compliance Committee had agreed to continue the listing of the Company`s common stock through Nov. 15, 2002, subject to certain conditions.
“We have studied several alternatives to ensure our common stock continues to be publicly traded and the American Stock Exchange clearly provides us with the best solution,” said Fred J. Kleisner, chairman and chief executive officer of Wyndham International. “The American Stock Exchange will provide Wyndham shareholders with a quality trading environment on a major national exchange with state of the art technology, so that trades are executed swiftly, reliably, and transparently. We are looking forward to a productive partnership with the American Stock Exchange.”
Wyndham International, Inc. offers upscale and luxury hotel and resort accommodations through proprietary lodging brands and a management services division. Based in Dallas, Wyndham owns, leases, manages and franchises hotels and resorts in the United States, Canada, Mexico, the Caribbean and Europe. For more information, visit www.wyndham.com. For reservations, call 800-Wyndham.